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Glencore PLC (GB:GLEN)
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Glencore (GLEN) AI Stock Analysis

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GB:GLEN

Glencore

(LSE:GLEN)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
376.00p
▲(8.19% Upside)
Glencore's stock score is driven by a positive earnings call outlook and strong technical indicators, despite mixed financial performance and valuation concerns. The company's focus on cost savings and shareholder returns supports a moderately positive view, but profitability and cash flow challenges remain significant risks.
Positive Factors
Strategic Partnerships
The strategic equity investment and long-term offtake rights with PPX Mining enhance Glencore's supply chain stability and market access, ensuring consistent supply from a high-quality Peruvian project, which can strengthen its market position and revenue streams.
Cost Savings Initiatives
The focus on cost-saving initiatives across coal, copper, and zinc-nickel divisions can improve operational efficiency and margin sustainability, enhancing long-term profitability and competitiveness in the resource sector.
Marketing Business Resilience
The strong performance in the marketing segment, with increased EBIT, highlights Glencore's ability to navigate challenging market conditions, supporting stable cash flows and reinforcing its competitive advantage in commodity trading.
Negative Factors
Declining Free Cash Flow
The declining trend in free cash flow growth, despite strong operating cash flows, poses a risk to Glencore's ability to fund operations and investments without increasing leverage, potentially impacting long-term financial health.
Rising Leverage
The increase in leverage, indicated by the rising debt-to-equity ratio, could constrain Glencore's financial flexibility, limiting its capacity to invest in growth opportunities or weather economic downturns without incurring additional debt.
Profitability Challenges
Negative net profit margins reflect ongoing profitability challenges, which can undermine investor confidence and limit the company's ability to reinvest in its business, potentially affecting long-term growth and competitive positioning.

Glencore (GLEN) vs. iShares MSCI United Kingdom ETF (EWC)

Glencore Business Overview & Revenue Model

Company DescriptionGlencore plc is a leading global diversified natural resources company, headquartered in Baar, Switzerland. It operates in two main sectors: Metals and Minerals, and Energy. The company is involved in the production, sourcing, processing, and marketing of a wide range of commodities, including copper, zinc, lead, nickel, coal, oil, and agricultural products. Glencore also has an extensive logistics network that supports its trading activities, facilitating the movement of commodities across the globe.
How the Company Makes MoneyGlencore generates revenue primarily through its trading and marketing operations, which account for a significant portion of its income. The company sources raw materials from its own mining operations as well as third-party suppliers and sells them to industrial customers and other end-users. Key revenue streams include the sale of metals, minerals, and energy products, with copper and coal being particularly significant. Additionally, Glencore benefits from price fluctuations in commodity markets, which can enhance its profitability. The company also engages in long-term contracts and strategic partnerships with various stakeholders, including mining companies and energy producers, contributing to stable revenue generation. Furthermore, Glencore's integrated business model allows it to leverage its logistics capabilities to optimize supply chain efficiency and reduce costs, further enhancing its earnings potential.

Glencore Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Positive
The earnings call reflected a positive outlook for Glencore, despite challenges in coal pricing and operational delays in copper production. Strong contributions from the zinc and gold segments, successful EVR integration, and resilient marketing performance were key highlights. The company is also focused on cost-saving initiatives and returning value to shareholders.
Q2-2025 Updates
Positive Updates
Strong Financial Performance
Despite weaker commodity markets and economic uncertainties, Glencore reported an adjusted EBITDA of $5.4 billion for the first half of 2025.
Zinc and Gold Production Success
The zinc gold business, particularly in Kazakhstan, showed strong results despite low coal prices.
EVR Acquisition Contribution
EVR contributed $786 million to adjusted EBITDA, highlighting successful integration and value creation.
Marketing Business Resilience
Adjusted marketing EBIT reached $1.4 billion, annualizing above the middle of the old range, with an increase in the marketing range to $2.3 billion to $3.5 billion.
Cost Savings Initiatives
Glencore announced approximately $1 billion in annualized cost savings, with significant operational and structural improvements.
Shareholder Returns
Glencore announced $3.2 billion in shareholder returns, including dividends and buybacks.
Negative Updates
Coal Price Decline
Coal prices fell significantly, with Newcastle prices down 21% and hard coking coal prices down 33% year-over-year, impacting industrial EBITDA.
Cobalt Sales Challenges
Cobalt sales were impacted by stockpiling due to export bans, affecting cash flow and operational performance in the DRC.
Operational Delays in Copper Production
Copper production was heavily weighted towards the second half of the year, causing temporary operational challenges.
Energy Market Volatility
Energy and steel marketing faced challenging conditions with geopolitical uncertainties, impacting earnings in those segments.
Company Guidance
During the Glencore 2025 Half Year Results Conference Call, the company provided detailed guidance on its financial performance and future expectations. Glencore reported an adjusted EBITDA of $5.4 billion for the first half of 2025, with $3.8 billion coming from its industrial asset business despite low coal prices. The company highlighted a strong performance from its zinc gold business in Kazakhstan and noted a temporary mismatch in copper production, with 60% expected in the second half. The marketing business achieved an adjusted EBIT of $1.4 billion, surpassing the middle of its previous range, prompting an increase in the marketing range to $2.3 billion to $3.5 billion ex Viterra. Glencore's net debt to adjusted EBITDA ratio stood at 1.08, slightly over its 1x target, and the company generated $4.3 billion in cash from operating activities. Shareholder returns for 2025 were announced at $3.2 billion, including base dividends and up to $2 billion in buybacks. The company also outlined approximately $1 billion in annualized cost savings across its operations by 2026, primarily from coal, copper, and zinc-nickel divisions.

Glencore Financial Statement Overview

Summary
Glencore's financial performance shows mixed results. The income statement indicates revenue growth but declining margins and profitability. The balance sheet is stable but with increased leverage and negative equity returns. Cash flow statements reveal strong operating cash flow but declining free cash flow growth and negative net income, highlighting profitability and cash flow challenges.
Income Statement
60
Neutral
Glencore's income statement reflects a volatile performance with significant fluctuations in revenue and profitability. The gross profit margin has decreased over the years, falling to 2.88% in 2024 from 4.95% in 2023. The net profit margin turned negative in 2024 at -0.71%, a decline from 1.96% in 2023, indicating profitability challenges. Revenue growth from 2023 to 2024 was modest at 6.01%, but this follows a substantial decline from 2022. Despite a positive EBITDA margin of 3.69% in 2024, the absence of EBIT highlights operational challenges.
Balance Sheet
70
Positive
The balance sheet indicates a stable equity base with a debt-to-equity ratio of 0.94 in 2024, which is manageable but has increased from previous years. The equity ratio stands at 31.17%, down from 35.17% in 2023, suggesting increased leverage. Return on equity turned negative in 2024 at -4.02%, reflecting profitability issues. Overall, the balance sheet shows reasonable stability, but rising leverage and diminished equity returns pose concerns.
Cash Flow
65
Positive
Cash flow analysis shows a decrease in free cash flow from 2023 to 2024, reflecting a negative growth rate of -32.15%. The operating cash flow to net income ratio is 6.15 in 2024, indicating strong operating cash flows relative to net income, despite the latter being negative. The free cash flow to net income ratio is -2.72, highlighting cash flow challenges. Overall, the company maintains robust operating cash generation, but declining free cash flow growth and negative net income are concerning.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue231.25B230.94B217.83B255.98B203.75B142.34B
Gross Profit5.76B6.28B10.78B27.26B12.38B3.70B
EBITDA9.15B9.85B15.32B32.23B16.03B3.13B
Net Income-2.06B-1.63B4.28B17.32B4.97B-1.90B
Balance Sheet
Total Assets132.18B130.46B123.87B132.58B127.51B118.00B
Cash, Cash Equivalents and Short-Term Investments2.70B2.17B1.95B1.97B2.69B1.42B
Total Debt42.34B38.11B32.24B28.78B34.64B37.48B
Total Liabilities99.39B94.80B85.63B87.36B90.59B83.60B
Stockholders Equity37.83B40.67B43.58B49.41B39.93B37.64B
Cash Flow
Free Cash Flow143.00M4.44B6.55B9.48B5.24B-905.00M
Operating Cash Flow6.06B10.05B11.04B13.66B8.86B2.66B
Investing Cash Flow-12.39B-11.72B-3.56B-1.72B-541.00M-2.71B
Financing Cash Flow6.20B2.14B-7.49B-13.20B-6.52B-320.00M

Glencore Technical Analysis

Technical Analysis Sentiment
Positive
Last Price347.55
Price Trends
50DMA
320.45
Positive
100DMA
307.52
Positive
200DMA
301.56
Positive
Market Momentum
MACD
6.40
Positive
RSI
58.08
Neutral
STOCH
35.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GLEN, the sentiment is Positive. The current price of 347.55 is below the 20-day moving average (MA) of 348.66, above the 50-day MA of 320.45, and above the 200-day MA of 301.56, indicating a neutral trend. The MACD of 6.40 indicates Positive momentum. The RSI at 58.08 is Neutral, neither overbought nor oversold. The STOCH value of 35.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GLEN.

Glencore Risk Analysis

Glencore disclosed 11 risk factors in its most recent earnings report. Glencore reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Glencore Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
£90.63B10.8918.43%5.33%-3.50%-7.04%
£40.75B-26.38-5.26%2.15%-1.06%-285.88%
$10.43B7.12-0.05%2.87%2.86%-36.73%
£30.90B-9.21%0.85%-27.65%-160.77%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:GLEN
Glencore
347.55
-45.80
-11.64%
GB:AAL
Anglo American
2,832.00
415.21
17.18%
GB:RIO
Rio Tinto
5,339.00
507.82
10.51%

Glencore Corporate Events

Business Operations and StrategyStock Buyback
Glencore Advances Share Buyback with UBS Share Purchase
Positive
Oct 23, 2025

Glencore plc has announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, which was conducted off-market, is part of a strategy to reduce the number of shares in issue and is expected to be completed by February 2026. This move is aligned with Glencore’s efforts to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial health and future prospects.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and Strategy
Glencore to Host Capital Markets Day in December 2025
Neutral
Oct 21, 2025

Glencore plc announced it will host a Capital Markets Day presentation on December 3, 2025, at 1 pm UK time, which will be accessible via a live webcast. This event is significant for stakeholders as it provides insights into Glencore’s strategic direction and operational plans, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £385.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Positive
Oct 20, 2025

Glencore PLC has announced the purchase of 10.8 million of its ordinary shares from UBS AG as part of its ongoing share buy-back program. The transaction, which was conducted off-market, aims to cancel the purchased shares, thereby reducing the total number of shares in issue and potentially enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the company’s financial results announcement. The purchase was executed in Swiss francs, with Swiss withholding tax deducted, and is part of a broader strategy to manage equity exposure and optimize capital structure.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £385.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Positive
Oct 13, 2025

Glencore plc announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.4803 each, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s strategic focus on optimizing its capital structure and underscores its commitment to returning value to shareholders.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.30 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Enhances Shareholder Value with Strategic Buy-Back
Positive
Oct 6, 2025

Glencore plc has announced the purchase of 7.2 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were bought at a net price of CHF 2.3977 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative is part of a broader strategy to optimize the company’s capital structure and is expected to conclude by February 2026, aligning with the release of its financial results for the year 2025.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
Glencore Updates Shareholders on Total Voting Rights
Neutral
Oct 1, 2025

Glencore announced its total voting rights as of September 30, 2025, with an issued share capital of over 13 billion ordinary shares, of which approximately 11.85 billion carry voting rights. This update is crucial for shareholders to determine their notification requirements under the FCA’s rules. The announcement reflects Glencore’s ongoing transparency in its financial disclosures, impacting stakeholders’ understanding of their investment positions.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Programme with UBS Transaction
Positive
Sep 29, 2025

Glencore plc has announced a transaction involving the purchase of 8 million of its own shares from UBS AG, as part of its ongoing share buy-back programme. The shares were bought at a net price of CHF 2.2867 per share, with the purchase price paid in Swiss francs. This transaction is part of Glencore’s strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. The buy-back programme, which began in July 2025, is expected to conclude with the release of the company’s financial results in February 2026.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Positive
Sep 22, 2025

Glencore plc announced the purchase of 8 million of its own shares from UBS AG as part of its ongoing buy-back program. The shares were bought at a net price of CHF 2.1575 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This move is part of a broader strategy to manage equity exposure and optimize the company’s capital structure, with the buy-back program expected to conclude by February 2026.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buyback with UBS Transaction
Positive
Sep 15, 2025

Glencore plc has announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, conducted in Swiss francs, is part of a strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. This buyback program, which began in July 2025, is expected to conclude by February 2026, aligning with the release of Glencore’s financial results for the year. The company aims to cancel the purchased shares, impacting the total number of voting rights and shares in issue, while maintaining a significant number of shares in treasury.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buyback Program with UBS Transaction
Positive
Sep 8, 2025

Glencore plc announced the purchase of 10,951,423 of its ordinary shares from UBS AG as part of its ongoing share buyback program. The shares were bought at a net price of CHF 2.0270 per share, with the transaction forming part of a strategy to reduce the number of shares in circulation and enhance shareholder value. This buyback program, which started in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s commitment to managing its capital structure efficiently and returning value to shareholders.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £306.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Dividends
Glencore Announces 2025 H2 Distribution Details
Neutral
Sep 5, 2025

Glencore announced a distribution of US$0.10 per share for the financial year ending December 31, 2024, to be paid in two equal tranches of US$0.05 per share. Shareholders on the Jersey register can opt to receive payments in Pounds Sterling, Euros, or Swiss Francs, with the exchange rates determined as of September 4, 2025. The distribution may qualify as ‘qualified dividends’ for US Federal income tax purposes, impacting shareholders’ tax liabilities.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £306.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Regulatory Filings and Compliance
Glencore Announces Total Voting Rights Update
Neutral
Sep 1, 2025

Glencore has announced its total voting rights as of August 29, 2025, with an issued share capital of 13,156,400,000 ordinary shares, of which 1,268,109,041 are held in treasury, resulting in 11,888,290,959 voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules, reflecting Glencore’s commitment to transparency and regulatory compliance.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £304.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Neutral
Sep 1, 2025

Glencore plc announced the purchase of 8,022,682 of its own ordinary shares from UBS AG, as part of its ongoing share buy-back program. The shares were purchased for cancellation, reducing the total number of shares in issue to 11,880,268,277. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by February 2026, coinciding with the release of its financial results for the 2025 fiscal year.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £304.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Neutral
Aug 26, 2025

Glencore plc announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased for cancellation, reducing the total number of shares in issue. This transaction is part of a broader strategy to manage equity exposure and is expected to conclude by February 2026, coinciding with the release of the company’s financial results.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £350.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with UBS Transaction
Positive
Aug 18, 2025

Glencore PLC has announced a transaction involving the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.1059 per share, with the transaction being part of a strategy to reduce the number of shares in circulation, thus potentially increasing shareholder value. This buy-back program, initiated in July 2025, is expected to conclude by February 2026 and aligns with Glencore’s strategic financial management to optimize its capital structure.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with Recent Share Purchase
Positive
Aug 11, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.8435 to £2.8885, with a volume-weighted average price of £2.8714. These repurchased shares will be held in treasury, increasing the total number of treasury shares to over 1.26 billion. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buyback Program with Recent Share Acquisition
Positive
Aug 8, 2025

Glencore plc has announced the purchase of 2,000,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buyback program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buyback initiative expected to conclude in February 2026. This move is likely to impact the company’s share value and market positioning by potentially increasing shareholder value and optimizing capital structure.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Other
Glencore Announces Share Acquisition by Director’s Associate
Positive
Aug 7, 2025

Glencore announced a transaction involving the on-market acquisition of 5,000 ordinary shares by Fiona Jane Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. The transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, highlights the ongoing financial activities within the company. This acquisition reflects internal confidence in Glencore’s market position and could have implications for investor perceptions and stakeholder interests.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Other
Glencore Announces Insider Share Acquisition
Neutral
Aug 7, 2025

Glencore has announced a transaction involving the acquisition of 5,000 ordinary shares by Mhairi Jane Davidson Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. This transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, reflects ongoing insider activities within the company, potentially impacting investor perceptions and market dynamics.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Neutral
Aug 7, 2025

Glencore plc announced the repurchase of 3 million of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £2.8600 to £2.9590, with an average price of £2.8806. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under the FCA’s regulations.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Cancels 50 Million Treasury Shares to Optimize Capital Structure
Neutral
Aug 6, 2025

Glencore announced the cancellation of 50 million treasury shares, aligning with its policy to keep treasury shares below 10% of the total issued share capital. This move reduces the company’s treasury shares to approximately 9.57% of the total issued share capital, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Glencore’s Strategic Review and Financial Outlook Amid Market Challenges
Neutral
Aug 6, 2025

In its 2025 half-year report, Glencore announced a strategic review of its industrial portfolio, identifying $1 billion in recurring cost savings to be achieved by 2026. Despite a 14% decrease in Adjusted EBITDA to $5.4 billion due to weaker coal prices and lower copper production, the company remains optimistic about future cash flow and debt reduction, bolstered by the sale of Viterra and a planned $1 billion share buyback. Glencore’s marketing and industrial operations are positioned to adapt to global commodity demands, despite geopolitical uncertainties.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Aug 6, 2025

Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.9925 to £3.0425 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back initiative, which is set to conclude in February 2026, and reflects the company’s strategy to manage its capital structure and return value to shareholders.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Commences Off-Market Share Buy-Backs in Strategic Move
Neutral
Aug 5, 2025

Glencore has announced the approval of a special resolution at its General Meeting, authorizing the company to undertake off-market share buy-backs through a contract with UBS AG. This initiative is part of a broader program to repurchase shares worth up to USD 1 billion, with UBS set to commence weekly off-market purchases from 11 August 2025. The move is expected to impact Glencore’s financial structure and market positioning, as the company continues to manage its share capital actively.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with Latest Purchase
Positive
Aug 5, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9885 to £3.0260, with a volume-weighted average price of £3.0054. These shares will be held in treasury, and this transaction is part of the second phase of the buy-back program expected to conclude in February 2026. This move is likely to impact Glencore’s shareholder value and market positioning by potentially enhancing earnings per share and providing a signal of confidence in the company’s financial health.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with New Purchase
Positive
Aug 4, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were purchased at prices ranging from £2.9750 to £3.0695, with a volume-weighted average price of £3.0050. These shares will be held in treasury, and the buy-back program is expected to be completed by February 2026. This move is part of Glencore’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Regulatory Filings and Compliance
Glencore Updates Share Capital and Voting Rights
Neutral
Aug 1, 2025

Glencore announced that as of July 31, 2025, its issued share capital consisted of 13,225,000,000 ordinary shares, with 11,915,490,959 shares carrying voting rights after accounting for treasury shares. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement reflects Glencore’s ongoing commitment to transparency and regulatory compliance, impacting how stakeholders assess their interests in the company.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back with 900,000 Share Purchase
Positive
Aug 1, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9745 to £3.0450, with a volume-weighted average price of £3.0053. These shares will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value by reducing the number of shares in circulation. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, reflecting the company’s commitment to returning value to shareholders.

The most recent analyst rating on (GB:GLEN) stock is a Hold with a £4.70 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 31, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of £3.1052 per share and will be held in treasury. This transaction is part of the second phase of the company’s buy-back program, which is expected to conclude in February 2026, and aims to enhance shareholder value by reducing the number of shares in circulation.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £370.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Glencore Reports 5% Production Increase and $1 Billion Cost Savings Opportunity
Positive
Jul 30, 2025

Glencore’s half-year production report for 2025 highlights a 5% increase in copper equivalent production compared to the previous year, driven by the integration of EVR’s steelmaking coal volumes. The company identified $1 billion in cost-saving opportunities and revised its long-term marketing EBIT guidance upward, despite the exclusion of Viterra earnings. Key production metrics showed varied performance across different commodities, with notable increases in cobalt and zinc production, while copper and ferrochrome production saw declines. The report underscores Glencore’s strategic focus on optimizing its industrial operations and achieving value-accretive growth, with implications for improved cost efficiency and production guidance adjustments.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Repurchase
Neutral
Jul 30, 2025

Glencore PLC announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £3.0505 to £3.1670, with a volume-weighted average price of £3.0919. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, impacting the total number of voting rights and potentially influencing shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with Recent Repurchase
Positive
Jul 29, 2025

Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back program, expected to conclude in February 2026. This move is likely to impact the company’s share value and voting rights distribution, as it adjusts its capital structure and potentially enhances shareholder value.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 28, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of £3.1917 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and it reflects the company’s strategy to manage its capital structure and return value to shareholders.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Share Buy-Back Program with New Purchase
Positive
Jul 25, 2025

Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, bringing the total number of shares held in treasury to over 1.3 billion. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The move is likely to impact the company’s share value and voting rights, as it adjusts its capital structure and enhances shareholder value.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Business Operations and StrategyStock Buyback
Glencore Advances Share Buy-Back Program with Recent Purchase
Positive
Jul 24, 2025

Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back initiative, which is expected to conclude in February 2026. This move is likely aimed at enhancing shareholder value and optimizing capital structure, reflecting the company’s strategic focus on returning value to its investors.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Stock Buyback
Glencore Advances Buy-Back Program with New Share Purchase
Neutral
Jul 23, 2025

Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £3.1895 to £3.2550, with a volume-weighted average price of £3.2208. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the total number of voting rights remains unchanged, allowing shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025